As I hop over to Obama's web site to review his 'tax plan' I am struck by the lack of a tax plan. :)
http://www.barackobama.com/…s/economy/
He has a number of bullet points about things that he will give to people in the form of cash back rebates, new deductions or tax credits or investments in special projects, but I do not see an actual tax plan.
As a poor schmuck, and accountant with a Master's in Taxation, I see Obama's page of giveaways, as a bit of a grab bag, that gives a little of this and a little of that to a lot of people.
Consider that Bush was loudly pounced upon by Democrats for spending about $150 billion to stimulate the economy with tax rebates not so long ago. It would appear that Obama wants to do basically the same thing.
That's nice of him to want to give away some of the Government's money, but I've got a news flash for Obama.
We have a $9 trillion debt, and that was the price BEFORE the fed spent close to a trillion dollars last week bailing out Freddie Mac and Fannie Mae.
Obama can give away all the cash or dollars he likes, but the truth is that if the government keeps giving away money that it doesn't have and printing more, well that money isn't going to be worth the dead trees its printed on.
Now, I'm not saying John McCain's plan is any better or worse (his focuses on a small handful of tax decreases as opposed to cash back give aways.
http://www.johnmccain.com/…/taxes.htm
I do also realize that neither of these candidates is the sharpest knife in the rack when it comes to the economy. Neither of them have hardly any experience working with economic matters. I think this lack of economic wisdom is reflected in both Obama and McCain's website (despite the conventional wisdom that they will hire 'smart' people to consult with, which doesn't seem to have happened).
Obama's tax plan page is basically a pandering central page. If you can't find a promise on that page that appeals to you, then you just aren't scrolling far enough.
McCain's tax plan page reflects McCain's own simplistic un-understanding of the economy. It doesn't pander to everyone under the sun, but does throw out 3 or 4 standards in tax cut dogma. He's not really pandering, he's not really simplifying the tax code either, just making small modifications.
Neither candidate seems to really be helping Americans or the economy with their 'plans'. If these plans weren't printed up on fancy internet websites, I'd swear they were written with white board marker (executive crayons) and thrown up haphazardly just to put 'something' on each respective website.
http://www.barackobama.com/…s/economy/
He has a number of bullet points about things that he will give to people in the form of cash back rebates, new deductions or tax credits or investments in special projects, but I do not see an actual tax plan.
As a poor schmuck, and accountant with a Master's in Taxation, I see Obama's page of giveaways, as a bit of a grab bag, that gives a little of this and a little of that to a lot of people.
Consider that Bush was loudly pounced upon by Democrats for spending about $150 billion to stimulate the economy with tax rebates not so long ago. It would appear that Obama wants to do basically the same thing.
That's nice of him to want to give away some of the Government's money, but I've got a news flash for Obama.
We have a $9 trillion debt, and that was the price BEFORE the fed spent close to a trillion dollars last week bailing out Freddie Mac and Fannie Mae.
Obama can give away all the cash or dollars he likes, but the truth is that if the government keeps giving away money that it doesn't have and printing more, well that money isn't going to be worth the dead trees its printed on.
Now, I'm not saying John McCain's plan is any better or worse (his focuses on a small handful of tax decreases as opposed to cash back give aways.
http://www.johnmccain.com/…/taxes.htm
I do also realize that neither of these candidates is the sharpest knife in the rack when it comes to the economy. Neither of them have hardly any experience working with economic matters. I think this lack of economic wisdom is reflected in both Obama and McCain's website (despite the conventional wisdom that they will hire 'smart' people to consult with, which doesn't seem to have happened).
Obama's tax plan page is basically a pandering central page. If you can't find a promise on that page that appeals to you, then you just aren't scrolling far enough.
McCain's tax plan page reflects McCain's own simplistic un-understanding of the economy. It doesn't pander to everyone under the sun, but does throw out 3 or 4 standards in tax cut dogma. He's not really pandering, he's not really simplifying the tax code either, just making small modifications.
Neither candidate seems to really be helping Americans or the economy with their 'plans'. If these plans weren't printed up on fancy internet websites, I'd swear they were written with white board marker (executive crayons) and thrown up haphazardly just to put 'something' on each respective website.
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